City snapshot: Grocery price inflation hits new high of 17.5%

Grocery price inflation reached a new high of 17.5% over the four weeks to 19 March, costing households an additional £837 on their annual supermarket bills. Plus, Diageo names new CEO, Ocado Retail sales edge up in first quarter, AG Barr posts strong annual growth amid margin compression and all the rest of the latest news from the City